1. Globalization can be defined as:

a. moving or doing business across national borders.

b. interdependence and interconnectedness of countries, businesses, and organizations

c. being driven by the STEEP factors

d. all of the above

1. The drivers of globalization, referred to as the STEEP factors include:

a. socio-cultural influences (e.g., language, immigration)

b. technological influence (e.g., telecommunications, transportation)

c. economic (e.g., market capitalism)

d. environmental (e.g., global warming)

e. political and legal (e.g., WTO, intellectual property law)

f. all of the above

1. Geert J. Hofstede, an IBM psychologist, initially derived four (later 2 more) variables to describe cultural values in the workplace including:

a. Power Distance

b. Individualism vs. Collectivism

c. Uncertainty Avoidance

d. Masculinity vs. Femininity

e. all of the above

1. Trading regions such as NAFTA, EU, MERCOSUR, and ASEAN all have agreed internally to:

a. merge completely

b. reduce tariffs, open markets, conduct more trade

c. ignore each other

d. none of the above

1. India is a very diverse, multicultural nation because it:

a. has many regional languages (e.g., Hindi, Urdu, Kashmiri, Punjabi)

b. practices many religions (e.g., Hinduism, Islam, Christianity, Buddhism)

c. has a history of social caste structure

d. all of the above

16.Four basic international strategies we might evaluate can be compared intuitively for:

a. cost pressures vs. pressures for local response in the target (national) market

b. what people do for fun on days off

c. how absurd all strategies are

d. none of the above

18.In studying international management, we could describe historical eras by organization, economy and communications across human history including:a. Stone Age b. Early c. Modern d. Planetary e. all these

17. The author in 1776 of "The Wealth of Nations" which outlined a preliminary form of GDP (gross domestic product) and help define market functions is:

a. George Washington

b. Abraham Lincoln

c. Adam Smith

d. none of the above

18. The economic trade theory practiced by royalty in many European countries beginning in the 16^th century is called:

a. fundamentalism b. communism c. mercantilism d. none of these

19.If two countries trade with each other because they each have an economic specialty that the other lacks, this is called:

a. comparative advantage

b. unreasonable competition

c. economic absurdity

d. none of the above